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            ------------------------------------------------  Commentary: No need for China to fake steady GDP growth  By Xinhua writer Zhang Zhongkai  BEIJING, Oct. 26 (Xinhua) -- China's economy has achieved steady growth of 6.7 percent for three consecutive quarters, leading many analysts to suspect that there has been a bit of untoward data smoothing.  However, the reality is that the government simply has no incentive or necessity to whitewash the real economic picture.  It's routine for people to view economic data from China, the world's second largest economy, with skeptical eyes, and the fact GDP growth was exactly the same for three consecutive quarters, a first since such figures were released in 1992, raised more than a few eyebrows among commentators.  However, it would not be much of a whitewash by the statistics bureau to indulge in fabrication as such moves would inevitably draw widespread skepticism.  In reality, there is no need to play the numbers game. The government has set up a flexible GDP growth range of between 6.5 percent to 7 percent this year, and China has ample policy tools, including monetary and fiscal policy as well as structural reforms, to keep the economy within this range.  Smoothing the data might seem the easiest way to an end, but the government well-knows that it would be an act of self-delusion that could easily derail structural reforms and hurt economic growth in the long run.  Admittedly, there have been cases of faking statistics, especially by provincial governments; provinces in northeast China were found doctoring GDP data during an anti-corruption probe late last year.  To solve the problem, China adopted IMF standards to strengthen its data system last year and national statisticians now collect their own independent provincial data to ensure accuracy. Earlier this month, the Chinese leadership called for the prevention of fake government statistics and vowed to punish offenders accordingly.  Regardless, central government is now edging away from evaluating local officials solely based on GDP performance, further reducing the incentive for statistics bureaus to massage the figures.  The identical quarterly performance three times in a row is clearly a coincidence, but the implication that China has a stabilizing economy is of no surprise at all.  There is an increasing consensus that GDP data as a key gauge of economic performance is somewhat outdated. It does not necessarily paint the real economic picture, and being overly GDP-oriented can be counterproductive.  There is other economic data that is particularly difficult to manipulate, including electricity output, freight traffic and logistics volume, which all show signs of stabilization and point to a recovery in factory activity and consumption.  Yes, data can be faked just as opinions can be biased, but it is often easier to question the accuracy of economic data rather than attempting to gain a real insight into economic trends through detailed research.  Nevertheless, China will continue to press ahead with its reforms while maintaining economic expansion. Time, not analysts, will tell whether China's economic rebalancing and sustainable growth are a miracle or mirage.。(1/7

            “国际原油扩大跌势后,下游观望浓厚,国内汽柴油上涨空间受到明显压缩,今日报价以稳为主,窄幅波动。党的十八大以来,中央对产权保护提出新要求。


            上海市人大常委会法工委主任丁伟此前透露,此次区域立法协作在全国地方人大立法实践中尚属首次。据悉,新修订的《上海市环境保护条例》增加了“绿色发展”、“信息公开和公众参与”两章,条文数增加逾三分之一,由原来的60条增加到91条,大部分条文经过修改。——新产品新服务层出不穷。


            上述基层财政部门负责人表示,地方财政部门也希望举借债务能够依法依规,但地方主要领导考虑到违规举债的综合收益远高于违法成本,相关法律法规就难以约束地方违规举债冲动,尤其是只管任内大规模举债建设,偿债风险丢给后任的做法非常普遍。这种思维已经完全不适应21世纪的世界了。现代社会,人与人之间、国家与国家之间相互依存。如果说全球经济复苏是当前各国的首要关注点,那么,一个欣欣向荣的美国经济符合中国的国家利益,反之亦然。在杭州G20峰会期间,二十个国家的领导人可以在履行全球性责任方面迈出重要的一步。


            日本最大的百货集团三越伊势丹昨日宣布,将在11月25日的"黑色星期五"与天猫国际达成独家战略合作,首次跨界进入电商平台。其日本店铺近一年免税营业额约410亿日元,合人民币约26亿元。清华大学经管学院常务副院长白重恩表示,此次国办出台的地方债风险应急处置预案,按照风险事件性质、影响范围和危害程度等,将政府性债务风险事件划分为四个等级,实际上是对地方债风险进行分级预警。


            据《证券日报》记者了解,关于新型城镇化的议题,早已在今年年初的政府工作报告中提出,“要加快覆盖未落户的城镇常住人口,使他们依法享有居住地义务教育、就业、医疗等基本公共服务”,重新阐述了基本公共服务的内涵,即教育、就业、医疗等,这与2015年的简单表述明显不同。新能源汽车销量保持较高增速,累计同比增长100.6%。


            新一轮成品油调价窗口打开 国庆期间油价搁浅不作调整  本轮油价不作调整。”国家发改委宏观经济研究院教授常修泽介绍。《孟子·滕文公上》曰:“民之为道也,有恒产者有恒心,无恒产者无恒心。

            热度: 819类别: 美女写真日期: 2022-08-04 15:13:07

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